SEBI HIGH ON REFORMS (SEBI Consultant)

SEBI HIGH ON REFORMS (SEBI Consultant)
Now the minority shareholders need not to remain as a mute spectator to the
scheme of mergers and amalgamation, they have got a major role to play in
deciding the fate of scheme of Compromises and Arrangements and the...
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SEBI HIGH ON REFORMS (SEBI Consultant)
Now the minority shareholders need not to remain as a mute spectator to the
scheme of mergers and amalgamation, they have got a major role to play in
deciding the fate of scheme of Compromises and Arrangements and the credit for
this goes to SEBI.
SEBI vide Circular No.
CIR/CFD/DIL/5/2013 dated 4th
February,
2013, has amended the all requirements for listed companies pertaining to the
approval of Scheme of Mergers/Demergers/Arrangements.
This move of market
regulator is in line with the certain action taken by it in the recent past to protect
the investors in the securities market specially the small one.
Certainly the
amendment has made the merger & amalgamation a lengthy and complex
process but having regard to the reason for such amendment; the action of SEBI is
commendable.
BACKGROUND (Reasons for making amendments)
Till now the listed company contemplating a scheme of Compromises or
Arrangement is required to file the draft scheme of Com
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